Coin

<ul class="news-points"> 
 <li><strong>Judge Jed S. Rakoff ruled Terraform Labs’ four tokens, including LUNA and UST, as unregistered securities.</strong></li> 
 <li><strong>Attorney Rispoli commented that XRP would have also been deemed a security if Judge Rakoff ruled it.</strong></li> 
 <li><strong>The attorney highlighted the necessity of Congress’ action for unbiased ruling in the crypto space.</strong></li> 
</ul> 
<p>Attorney Fred Rispoli shared an X post, commenting on the US court’s recent ruling that categorized Terraform Labs’ tokens as securities. Drawing parallels between Terraform’s UST, LUNA, wLUNA, and MIR and Ripple’s XRP, Rispoli asserted that if XRP were analyzed by the same judge, it would have also been deemed a security.</p> 
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   <p lang="en" dir="ltr">…Terraform Labs conducted itself in selling and promoting these tokens compared to Ripple's conduct but I can assure you that if <a href="https://twitter.com/Ripple?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@Ripple</a> were before Judge Rakoff, based on his opinion here, <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#XRP</a> would have been deemed a security by him across the board. A prayer of thanks…2/4</p>— Fred Rispoli (@freddyriz) <a href="https://twitter.com/freddyriz/status/1740848021301338263?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 29, 2023</a>
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<p>In a recent court order, U.S. District Judge Jed S. Rakoff<a href="https://coinedition.com/terraform-labs-faces-the-sec-on-trial-is-jump-trading-involved/"> ruled</a> in favor of the Securities and Exchange Commission, concluding the failed crypto exchange Terraform Labs’ four tokens, including UST and LUNA, w…</p>
<p>The post <a href="https://coinedition.com/analyst-insights-on-diverse-rulings-ripples-xrp-and-terraforms-luna/">Analyst Insights on Diverse Rulings- Ripple’s XRP and Terraform’s LUNA</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Analyst Insights on Diverse Rulings- Ripple’s XRP and Terraform’s LUNA

Coin Edition

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